NFI Group (TSE:NFI) Hits New 1-Year High – Should You Buy?

NFI Group Inc. (TSE:NFI) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$24.03 and last traded at C$24.00, with a volume of 114163 shares traded. The stock had previously closed at C$22.95.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on NFI shares. Canaccord Genuity Group raised shares of NFI Group to a “strong-buy” rating in a research note on Monday, June 1st. Canadian Imperial Bank of Commerce upped their target price on shares of NFI Group from C$22.00 to C$27.00 in a research report on Tuesday, May 12th. ATB Cormark Capital Markets lifted their price objective on NFI Group from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Friday, March 13th. Scotiabank upped their price objective on NFI Group from C$24.50 to C$25.00 and gave the company a “sector outperform” rating in a report on Monday, May 11th. Finally, National Bank Financial raised their target price on NFI Group from C$22.00 to C$26.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Three analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$25.00.

NFI Group Trading Up 2.4%

The stock has a market capitalization of C$2.80 billion, a price-to-earnings ratio of -22.53, a PEG ratio of -0.07 and a beta of 0.24. The company has a debt-to-equity ratio of 221.05, a current ratio of 1.25 and a quick ratio of 0.55. The business has a 50 day simple moving average of C$21.78 and a 200-day simple moving average of C$18.64.

NFI Group (TSE:NFI) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$0.25 earnings per share (EPS) for the quarter. The firm had revenue of C$1.17 billion for the quarter. NFI Group had a negative net margin of 3.32% and a negative return on equity of 22.22%. As a group, equities analysts expect that NFI Group Inc. will post 1.2814107 earnings per share for the current year.

Insider Activity

In other news, Director Adam L. Gray purchased 156,600 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were purchased at an average cost of C$20.69 per share, with a total value of C$3,240,054.00. Following the completion of the transaction, the director owned 25,526,215 shares of the company’s stock, valued at C$528,137,388.35. The trade was a 0.62% increase in their position. Also, Director Colin Robertson acquired 15,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average cost of C$20.82 per share, with a total value of C$312,300.00. Following the transaction, the director owned 333,783 shares in the company, valued at approximately C$6,949,362.06. This trade represents a 4.71% increase in their ownership of the stock. Insiders have acquired a total of 240,965 shares of company stock valued at $5,000,690 in the last ninety days. Corporate insiders own 0.62% of the company’s stock.

About NFI Group

Leveraging 450 years of combined experience, NFI is leading the electrification of mass mobility around the world. With zero-emission buses and coaches, infrastructure, and technology, NFI meets today’s urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation. With over 9,000 team members in ten countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer® (heavy-duty transit buses), MCI® (motorcoaches), Alexander Dennis Limited (single- and double-deck buses), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts¿.